Retail Building with Full
For Sale
$269,900
2904 W Il Route 120, McHenry, IL 60051
An adaptable open layout and separate customer and service access support a range of retail configurations.
Property Size2,486 SF
Price / SF$108.57
Days on Market109
Property Features for 2904 W Il Route 120
General Information
Standard status
Active
Size
2,486 SF
Property subtype
COMMERCIAL
Site & Location
Traffic Count
20,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,757
Amenities
full basement
two separate entries
front and rear parking lots
Building Details
Building Size
2,486 SF
Year Built
1959
Buildings
1
Listing Agency:
Dream Real Estate, Inc.
(815) 790-0833
Listed By:
Shawn Strach · License #IL 471.000585
(815) 331-9520
Source:
Payesregroup
Added: Jul 21
Changed: Nov 6
Last Checked: Nov 6 at 2:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dream Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail building offers 2,486 square feet of open-plan space, two separate entrances, and a full basement. Constructed in 1959, the property also has parking areas at both the front and rear. The layout can accommodate distinct customer and service access points or a divided tenant arrangement.
The building is on Illinois Route 120 in McHenry, with reported daily traffic of 20,000 vehicles. Its central position provides access to downtown amenities and nearby residential neighborhoods.
The building is on Illinois Route 120 in McHenry, with reported daily traffic of 20,000 vehicles. Its central position provides access to downtown amenities and nearby residential neighborhoods.
Key Highlights
- 2,486‑square‑foot building with an open layout
- Full basement provides additional storage space
- Two separate entrances allow distinct access points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,989
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,780
$479.8K
Cap Rate 7%
$342,700
$342.7K
Cap Rate 9%
$266,544
$266.5K
Market Conditions
NOI Build-Up for 2,486 SF
Gross rent
$37.3K $15.00/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$34.3K $13.79/SF
− OpEx
−$10.3K −$4.14/SF
NOI
$24.0K $9.65/SF
Area
McHenry County, IL
Vacancy
8.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,780
Cap Rate 7%
$342,700
Cap Rate 9%
$266,544
Alternative Uses
Best Use
Retail
$342.7K
$299.9K – $399.8K
NOI $23,989 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.3K
$751.0K – $1.00M
NOI $60,081 @ 7.0% cap · market cap 22.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 64%
Shops & Services 36%
Ace Hardware
Home Improvements & Furnishings
9,439 visits/mo
0.1 miles
Marathon
Shops & Services
5,232 visits/mo
0.1 miles
Demographics for 60051, IL
24,649
Population
10,210
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
33.2 sq mi
ZIP Area
742
Density / Sq Mi
$104,227
Median Household Income
$53,527
Median Earnings
$1,665
Median Rent
$268,000
Median Home Value
Market
Properties on Market for Retail space in McHenry County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - An adaptable open layout and separate customer and service access support a range of retail configurations.
Where is this retail space located?
The property is located at 2904 W Il Route 120 McHenry, IL.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 2,486‑square‑foot building with an open layout; Full basement provides additional storage space; Two separate entrances allow distinct access points
